June 2024 Monthly Employment Report

FOR IMMEDIATE RELEASE - July 17, 2024

Contact: [email protected]

Payroll employment ticked up in June; unemployment remained at 4.9%

OLYMPIA - Washington's economy added an estimated 7,100 jobs (seasonally adjusted), and the June unemployment rate remained at 4.9% for the second month in a row.

"The unemployment rate has been climbing slowly over the past several months but held steady over the month and has remained below 5% since summer 2021," said Anneliese Vance-Sherman, chief labor economist for the Employment Security Department. "Washington businesses collectively added about 7,000 new jobs in June - with a great deal of variation by industry."

Employment Security paid unemployment benefits to 57,888 people in June, a decrease of 3,449 over the previous month. Decreases in paid claims in the following industries helped contribute to the decrease:

• Agriculture.
• Construction.

Visit Employment Security's website to view the entire Monthly Employment Report for June 2024.

Updated state preliminary data for May 2024

• The preliminary estimated gain of 16,000 jobs was revised to a gain of 16,300 jobs.
• The seasonally adjusted monthly unemployment rate was confirmed at 4.9%.

National unemployment rate

The national unemployment rate increased from 4.0% in May to 4.1% in June. For comparison, the national unemployment rate (revised) for June 2023 was 3.6%.

Labor force showed little change

From May to June 2024, the number of people who were unemployed statewide decreased slightly from 195,546 to 195,191. In the Seattle/Bellevue/Everett region, the number of people who were unemployed increased from 76,191 to 77,762 over the same period.

The state's labor force in June stood at 4,019,076 - an increase of 2,342 people from the previous month. In the Seattle/Bellevue/Everett region, the labor force decreased by 4,393 people during the same period.

Labor force is defined as the total number of people, both employed and unemployed, over the age of 16. Layoffs and labor force participation are not necessarily connected. When people are laid off but still seeking work, they remain a part of the labor force. A drop in the labor force means people have left work and haven't been actively seeking employment for more than four weeks.

Eight major industry sectors expanded, four contracted from May to June

Private sector employment increased by 6,600 jobs from May to June. Government employment increased by 500 jobs.

The largest sector-level gains in private industry were in construction (up 2,400 jobs), professional and business services (up 1,800 jobs), and other services (up 1,400 jobs).

• The largest gains in the construction sector were for specialty trade contractors (up 1,500 jobs).
• The highest one-month gains in professional and business services were in professional, scientific and technical services (up 2,000 jobs).
• Gains in the other services sector (up 1,400) were in every industry captured in this report. The largest gains were in repair and maintenance (up 600).

Four sectors saw decreases in employment: information (down 200); retail trade (down 300); education and health services (down 400); and manufacturing (down 1,100).

Annual employment growth appears in public and private industries

Washington gained an estimated 51,000 jobs from June 2023 to June 2024 (not seasonally adjusted). During that time, private sector employment rose 1.1%, increasing by 32,200 jobs. Public sector employment grew 3.1%, increasing by an estimated 18,800 jobs.

The three industry sectors with the largest employment gains year over year (not seasonally adjusted) were:

• Education and health services, up 22,800 jobs.
• Government, up 18,800 jobs.
• Professional and business services, up 5,400 jobs.

Two industry sectors reporting the biggest employment losses year over year (not seasonally adjusted) were:

• Information, down 7,300 jobs.
• Retail trade, down 4,100 jobs.

Table 1: Washington's total jobs

Month	Total jobs (losses or gains)	Unemployment rate	Previous year's unemployment rate
June 2024	+7,100	4.9%	3.8%
May 2024	+16,300*	4.9%*	4.1%
April 2024	+6,800*	4.8%*	4.3%
March 2024	+8,400*	4.8%*	4.5%
February 2024	+3,900*	4.7%*	4.6%
January 2024	-2,700*	4.6%*	4.6%
December 2023	+18,500*	4.2%*	4.5%
November 2023	+4,800*	4.0%*	4.6%
October 2023	-6,900*	3.8%*	4.6%
September 2023	+300 *	3.6%*	4.4%
August 2023	+2,500*	3.6%*	4.3%
July 2023	-6,300*	3.6%*	4.1%
June 2023	+17,300*	3.8%*	3.9%
May 2023	+3,800*	4.1%*	3.9%
April 2023	+7,700*	4.3%*	3.9%
March 2023	+1,000*	4.5%*	3.9%
February 2023	+7,600*	4.6%*	4.0%
January 2023	+4,200*	4.6%*	4.0%
December 2022	+10,400*	4.5%*	4.1%
November 2022	-700*	4.6%*	4.3%
October 2022	-1,500*	4.6%*	4.5%
September 2022	-4,200*	4.4%*	4.8%
August 2022	+15,000*	4.3%*	5.0%
July 2022	+40,400*	4.1%*	5.1%
June 2022	+4,500*	3.9%*	5.3%

*Revised from previous preliminary estimates. Preliminary monthly estimates for job losses or gains are based on a small Bureau of Labor Statistics payroll survey. Actual figures reported the following month are based on a more complete survey.

Table 2: June job gains and losses by industry

Industry sector	Job gains, losses
Construction	2,400
Professional and business services	1,800
Other services	1,400
Transportation, warehousing and utilities	1,200
Financial activities	1,100
Government	500
Leisure and hospitality	400
Wholesale trade	300
Mining and logging	0
Information	-200
Retail trade	-300
Education and health services	-400
Manufacturing	-1,100

Labor market information

See more labor market information and tools, including interactive Tableau graphics, to highlight popular information and data.

WorkSource

Employment Security is a proud partner in the statewide WorkSource system, which provides employment and training assistance to job seekers and businesses. WorkSourceWA provides access to thousands of Washington jobs and other employment resources. WorkSource staff can connect job seekers with employers hiring right now in their community, identify training opportunities or help them brush up on application and interview skills. Job seekers and employers can find their nearest WorkSource center on the WorkSource office locator page.

Learn more about Employment Security's monthly employment reports

Every month, the Employment Security Department publishes preliminary seasonally adjusted estimates for the prior month's job growth and unemployment. We also publish confirmed data for the month before last. See the entire Monthly Employment Report on our website.

Monthly Employment Report publication schedule for 2024

Preliminary data for the month	State and Metropolitan Division data release	All other county data released
June	July 17, 2024	July 23, 2024
July	Aug. 14, 2024	Aug. 20, 2024
August	Sept. 18, 2024	Sept. 24, 2024
September	Oct. 16, 2024	Oct. 22, 2024
October	Nov. 13, 2024	Nov. 19, 2024
November	Dec. 18, 2024	Dec. 24, 2024
December	Jan. 22, 2025	Jan. 28, 2025

U-6 unemployment rate

The U.S. Bureau of Labor Statistics (BLS) updated its "alternative measures of labor underutilization" for states to include annual averages for 2021. One such alternative measure is the U-6 rate, which considers not only the unemployed population in the official "U-3" unemployment rate, but also marginally attached workers and those employed part time for economic reasons. The U-6 rate is defined by BLS as the "total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers." This U-6 measure measures the "unemployed, underemployed, and those who are not looking but who want a job."

Washington's U-6 annual average unemployment rate for the four-quarter period through first quarter 2024 was 8.6%. This is above the 8.1% average for the four-quarter period through fourth quarter 2023. The U.S. U-6 average for the four-quarter period through first quarter 2024 was 7.0%.

Web links

• Monthly employment report
• Labor market information website
• Historical data
• Employment Security website
• Find a regional economist

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